Emerging-market stocks declined to a three-week low after better-than-estimated U.S. data bolstered speculation the Federal Reserve will reduce stimulus. South Africa’s rand slumped to the lowest level since 2009.
The benchmark gauge for U.S. stock options rose for a seventh straight day in the longest streak since April 2012 on concern over the timing of Federal Reserve stimulus cuts and the outcome of budget negotiations.
U.S. Treasury yields rose to an 11- week high and stocks fell a fourth day as signs of economic growth fueled concern the Federal Reserve will scale back bond buying. Copper, gold and crude oil led commodities higher.
U.S. stocks fell a fourth day, the longest slump in 10 weeks for the Standard & Poor’s 500 Index, as investors weighed economic data for clues on the timing of Federal Reserve stimulus cuts amid optimism over a budget deal.
Emerging-market stocks fell to the lowest level in two weeks as Hyundai Motor Co. and Kia Motors Corp. tumbled amid concern earnings will falter. Brazil’s real slumped to a three-month low amid disappointing economic data.
U.S. stocks fell a third day amid concern an improving economy will cause the Federal Reserve to reduce monetary stimulus, while 10-year Treasuries advanced as the central bank bought debt. The pound climbed to near a two- year high against the dollar and crude oil surged.
Emerging-market stocks dropped for the first time in four days as Petroleo Brasileiro SA led energy producers lower. Ukraine’s bond yields jumped to a record after police cracked down on the biggest protests since 2004.
U.S. stocks fell, with the Standard & Poor’s 500 Index extending declines in the final hour of trading, amid data showed manufacturing unexpectedly climbed last month and reports on holiday retail sales.
Emerging-market stocks rose, paring the first monthly drop since August, as Petroleo Brasileiro SA to Cnooc Ltd. drove gains in energy producers. South Korea’s won rose for a fifth month in the longest rally since 2007.